Ann Crotty
3 minute read
24 Mar 2021
9:09 am

JSE looking to cut red tape burden on listed companies

Ann Crotty

The Johannesburg Stock Exchange (JSE) is looking to be in line with leading international equivalents.

A general view of Johannesburg Stock Exchange (JSE) precinct on April 29, 2020 in Sandton, South Africa. According to media reports, the JSE could take its lead from firmer Asian markets on Wednesday morning, with equities finding support from policy announcements by global central banks this week. Picture: Gallo Images / Sydney Seshibedi

The Johannesburg Stock Exchange'S (JSE) latest discussion document proposes a reduction in some of its regulations, as it aims to reduce the burden of red tape on listed companies. Areas of focus in the discussion document released earlier this month include approval for transactions “in the normal course of business”; share repurchases; raising capital by bookbuilds and allowing directors to follow a rights’ offer during a closed period. In its introduction to the “cutting red tape” discussion document, the JSE’s director of issuer regulations, Andre Visser, notes that “the JSE has been very active since 2014 in reviewing the listings...